The Spot Price of PVC Rose slightly in China Last Week (January 6-13)

January 17, 2023

Latest company news about The Spot Price of PVC Rose slightly in China Last Week (January 6-13)

 

According to the data monitored by SunSirs, the price of PVC carbide SG5 rose slightly last week. The average price of domestic PVC was 6,155 RMB/ton on Friday of the previous week, and the average price on Friday was 6,216.67 RMB/ton, and the price increased by 1% in the week.

The domestic spot market price of PVC rose slightly last week. At present, the spot market is fair. Last week, the confidence in the spot market was good, and the market price center was upward, with a slight increase. As the Spring Festival holiday approaches, downstream markets stock up on demand. As downstream enterprises have holidays in succession, the market transactions have gradually faded. Up to now, the domestic price range of PVC5 carbide is mostly around 6,000-6,450 RMB/ton.

In terms of crude oil, international crude oil futures rose on January 12. The settlement price of the main contract of WTI crude oil futures in the United States was $78.39/barrel, up $0.98 or 1.3%. The settlement price of the main contract of Brent crude oil futures was $84.03/barrel, up $1.36 or 1.7%. Influenced by the optimistic expectation of China's demand outlook and the unexpected drop in consumer prices in the United States in December, the Federal Reserve's tightening monetary policy slowed down and oil prices gained support.

In terms of calcium carbide, the ex-factory price of calcium carbide in the northwest region rose last week. Last week, the average ex-factory price of calcium carbide mainstream manufacturers in northwest China rose from 3,716.67 RMB/ton to 3,850 RMB/ton, up 3.59%. The price of upstream blue charcoal has been consolidated at a high level, with good cost support. The downstream PVC market has risen slightly, and the demand for calcium carbide has increased.

The spot price of PVC rose slightly last week. As the Spring Festival holiday approaches, the market transactions will gradually fade as downstream enterprises have holidays. It is expected that China PVC market price will be sorted and operated in the short term.

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